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. and if you remember going back to jackson hull, the talk this august on expectations of the market when it comes to fed policy. the concept that if you anchor in today what will move policy tomorrow and remember what the fed did in september. they said we're going to move when there's substantial improvement in the labor market. and now the discussion, bill, and this is what's profound about the discussion. it has nothing to do with economic variables. it has to do with political variables, balance sheet variables. it's no longer about the variable that we thought we understood which was the labor market. >> john, if i could go back to your comments about main street versus wall street. in today's world it seems are very much linked. mainstream will look at the news. of course they've all watched "closing bell." they'll look at the news and see the 200 point selloff in the dow industrial average and wonder what's going wrong in the economy. i don't know you can separate the two as much as you used to be able to. and specifically as it pertains to fed monetary policy. >> every policy cre
in eric jackson, he joins us now on the news line. eric, i'm just wondering if you believe that something will be done with this cash, whether it be announced at this particular conference, or weeks after the shareholder meeting, and whether david einhorn played a pivotal role, in your view, of pushing this into the spotlight? >> yes, there's no question he did. and i do think we're going to get some answers on increased either stock buyback, or, you know, some form of the cash coming back to shareholders. but i don't think it will happen until the end of the month. basically, what's pushed this forward with einhorn is that apple has a shareholder meeting coming up at the end of the month. so shareholders have to vote on this particular measure around pressed stock. so he basically took that opportunity to kind of put this front and center. so i think basically between now and then, there's going to be a lot of back channel discussions, and i would expect some sort of shareholder friendly announcement before the end of the month. >> how are you voting your proks ji? i ask that, because th
woodforde at jackson hole which said that the fed needs to promise the market that it will act differently in a zero bound environment when the economy starts to improve. we're going to keep going with this policy. and that's what is embedded in the interest rate policy, that's what's embedded in the qe policy. but right now, what's happening is the costs seem to be overwhelming, and the market -- the committee is just not comfortable being there. it's a bit like here's the promise. the promise was you put your hand out and i'm going to light a fire underneath it. and the policy is this, that even when your hand gets too hot, i'm not -- you're not going to remove your hand. you're going to keep in place. what we're finding out now is that this is a promise too far. the board is just not comfortable being there and it's going to have to find the language and the rhetoric to either put it back in place, or find something new -- >> if it's not working you've got to admit it. >> right. >> and you're not getting the benefits you thought you were getting. is this all because of stein? we heard b
Search Results 0 to 2 of about 3